Managerial Accounting

Course details

This course is designed to develop knowledge and understanding of how organizations record, analyse and report current and future costs and revenue data for use within the organization. It is an Introductory Managerial Accounting course; it is not at a higher level than Accounting 3.

Objectives

Upon the completion of this course, the participant will be able to:

• Explain the role of management accounting within an organization and the requirement for management information
• Describe costs by classification and behaviour
• Identify appropriate material, labour and overhead costs
• Apply the principles of marginal costing and absorption costing

Content Highlights

• Nature and purpose of internal reporting
• Management information requirements
• Maintaining an appropriate cost accounting system
• Cost classification
• Cost behavior
• Elements of cost
• Marginal costing
• Absorption costing

Target Audience

• Those who are preparing to take up positions in the accounting, operations, and audit or credit departments.

Course Structure

• The course is conducted using a combination of lectures, discussions and practical workshop sessions